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81--~}02740 Lender's written agrcement or applicable taw. Borrower shall pay the amount of all mortgage insurance premiums in the manner provided under paragraph 2 hereof. Arty atitounts disbursed by Lender pursuant to this paragraph 7, with interest !hereon, shall become additional indebtedness of Harrower secured by this Mortgage. Unless Borrower and Lender agree to other arms of payment, such amounts shall be payable upon notice from Lender to Borrower requesting payment thereof, and shall bear interest from the date of disburxment at the rate payable ftgm time to time on outstandmg principal under the Note unless paytrtent of interest at such tart would be contrary to applicable law, in which event such amounts shall bear interest at the highest rats permissa"bk under applicable law. Nothing contained in this paragraph 7 shall require Lender to incur any expenx ortake any action hereunder. 8. ftrpectba. Lender may make or cause to be made reasanable entries upon and inspections of the Property, provided that Lender shalt give Borrower natice prior to any such inspection specifying reasanable cause therefor related- to Lender's interest in the Property. 9, CoadeatoNbn. The proceeds of any award or claim for damages. direct or consequential, in conntetion with any condemnation or other taking of the Property. or part thereof. ar for conveyance in Lieu of condemnation. are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property. the proceeds shall be applied to the sums secured by this Mortgage, with the excess, if any. paid to Harrower. In the event of a partial taking of the Property, unless Borcower and Lender otherwise agrce in writing. there shall he applied to the sums secured by this Mortgage such proportion of the proceeds as is equai.to that proportion which the amount of the sums secured by this Mortgage immediately prior to the date of taking hears to the fair market value of the Property immediately prior to the date of taking, with the balance of the proceeds paid to Borrower. If the Property is ahandirned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award ar settle a claim far damages. Borrower fails to respond to Lender within 30 days after the date such notice is mailed. Lender is authorized to collect and apply the proceeds. at Lender's option. either [o restoration or repair of rite Property ar m the sums secured by this Mortgage. Unless Lender and Harrower otherwise agree in writing, any such application of proceeds to principal shalt not extend or postpone the due date of the monthly installments referred to in para¢raphs I and 2 hereof or change the amounf of such installments. 1®. 1orrower Not Released. Extension of the time for payment or modification of amortization of the sums secured Fry this Mortgage granted by Lender to any successor in interest of Burrower shall not operate to release. in any manner, the liability of [he original Borrower and Borrowers successors in interest. tender shall not F?e required to commence proceedings against such successor ar refuse to extend time for payment nr otherwise modify amortization of the sums secured by this Mortgage by reason of any demand made by the arieiral Borrower and Borrower's successors in interest. 11. Forbeu>mce by Lender Not a R'aiver. Any forbearance by Lender in exercising any right or remedy hereunder. or otherwise afforded by applicable law, shall oat ;>e a waiver of nr preclude the exercise of any such right or remedy. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured b7 this Mortgage. 12. Remedtea Cumulative. All remedies provided in thin Mortgage arc distinct and cumulative to any other right ar rcmed}' under this Mortgage n: afforded by law or cyuin-..,nd may he txeraced concurrently. independently nr successively. 13. Successors sad Assittrts Bonttd: Joint and Several Liab0lty: Captions. The covenants and agreements herein comaitted shall bind, and the rights hereunder shall more tn. the respective suceessors and assigns of Lender and Borrower, subject to the provisions of paragraph 17 hereof. .All covenants and agreements of Borrower shall be joint and severs}. The captions and headings of the paragraphs of this Mortgage are for convenience only and art not to he used to interpret or define the pravisiorts hereof. Id. NoBee. Except for any natice reyuired under applicable law to he green in another manner, fa; any notice to Borrower provided for in this Mortgage shall he given h} marling such rotict by certified moil addressed to Borrower at the Property Address or at such Mher address as Borrower may designate by notice to tender as provided herein, and (b) any notice to Lender shaft be given by certified mail return rete~pt requested, u- Lender'. address stated herein er to such other address as Lender may designate by notice to Barrawrr as provided herein. ,Any natice provided for in this Mortgage shall be deemed to have been givrn ro Borrower ar t.cndrr when gluon in the manner designated herein. 15. [ia)form Mottga~gr; (Governing Law; SeverabiHty. Thr; farm of mortgage combines uniform covenants far national ate and non-uniform covenants with limited sariatinns t?y juriuiictian t. constitute a unifomr ~cuntp instrument covering real property. This Mortgage shall be governed h} the Saw of the urisdiction in which the Property- is hxa[ed. In the event that any provision ar clause of this Mortgage or the \ofe conflicts -.with applicable law, such conflict shall not affect other provisions of this Mortgage or the Note which tan 6e eiven etTtcz without she conflicting t.rovision. and to this end the provisions of the Mortgage and the More are declared to ht scverahte. 16. lorrower's Copy. Borrower shah :x furnished a conformed copy of the Note and of this Mortgage at the time of execution or after recordaiioa hereof. 17. Traasftr of the Properly; Assumption. if al! or any p:+rt of the Prciprrry or en {merest therein is s~rid or transferred by Borrower without tender's priar written consent. eacludivg tat the creation of alien or encumbrance suhardinate to this Mortgage. (b) the creation of a purchase money seaxin~ interest for household appliances, (c) a transfer by devise, descent ar by operation of law upon the death of a joint tenant or tilt the grant of am• Ic~sehald interest of three pears or less not containing an option to aurchase. Lender may, at t.erder's option. declare all the sums xcured by this ?tortgage a? ce immediately dux and payable. Linder shall have waived such option tx. accelerate if, prior to the sale or transfer. Lender and the pecson to whom the Property is to be so{d or transferred reach agreement in wilting that the credit of such person is satisfactor}• to Lender and that the interest payable tin the sua» secured by this \{nrrgage shall he at such rate as Lender shall request. if Lender has waived the option to accelerate pmciclcd in this paragraph 17. and if Borrower's successor in interest has executed a written assumption aitreement accepted in writing be Lender. Linder ,halt relcasr Borrower from alt obligations under this Mortgage and the Note. if Lender exercises such option, to accelerate. Lender shall mail &trruwer nouct of aeceleratian in accardartce with paragraph 1~ hereof. Such notice shalt provide a perod of net less than 30 da}'c from the date the nutter is mailed within which Borrower may pay the sums decl:trcd due. If Horroucr s"airs to pay such sums priar to the expiration of such prriad, Lender may, without further notice or ckmand nn Harrower. ;nvoAe an5~ remedic, txrmated by paragraph IS hereof. NON-UNIFORM Cove,teNTS. Harrower and lender further a.~s.aant and agree as tullaws'. 16. AccekrRtba; Rettaedies. Except as provided in paragraph 17 hereof, upon 8arroxers breach of say eoceaant or agreeutent of 11)orrower iR this Mortgage, iocludiag the cotenant. to pay whru dot aa} sums secured by tlds Mortgage, Leader prbr to acceleration stsrdi ma0 tatke to Borrower as provided in paragraph 14 lecreaf sptcifyityl: (li the brtuh: (2j tot action required to cure such breach; t3) a data era! less than 3U days from the da.~ the ratite is mailed to Borrower. by which torch breach mast be cared; sad (4) that failure to cure such breach o0 or 6efare the date speeitied in the notice may rtaull IA accetenlNre of the sums stcurtd by thin 1lorfgage, forerlasure by judicial proreediag and talc of the Property. Tfap aotke shi<fl fruttter inform 6orrowtr of the right W reinstate after acctltrafiurt a:ed it+e right to assert in the foteciusure proceedis)G the etoatxhttuce of R defauN ar say other deftest of Borrower to acceleration and fattclosure: if the breach k aW tared art or tieforc tbt bale upeeified ie the natice, Lender al fender's option mar declare all of the sumo secured be 161a Martsttte to be )matediattly due sad payable without fuAher demand and may farerhrse by judicial prareeding. leader sgRU he entitkrd to collect in such proceeding RB expenses of foreciasnre, includhrg, bat oat )incited ro, casts of doruttcratary eridcnee, tAhstracts Rod title «pwh. 19. /arrowe~tt Rigltl to 1Relastata Notwithstanding T.endee's accekratinu of [hc sums secured by this Mortgagt. Borrower shall bout the right [n have any' proceedings begun by I_endt. to tn(arcr this AfortK:t);c dis4ontintttd at any unmt